ION vs. BATT

Last updated Apr 1, 2026

Compare and contrast key facts about Proshares S&P Global Core Battery Metals ETF (ION) and Amplify Lithium & Battery Technology ETF (BATT).

ION and BATT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ION is a passively managed fund by ProShares that tracks the performance of the S&P Global Core Battery Metals Index - Benchmark TR Net. It was launched on Nov 29, 2022. BATT is an actively managed fund by Amplify. It was launched on Jun 6, 2018.

Performance

ION vs. BATT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares S&P Global Core Battery Metals ETF (ION) and Amplify Lithium & Battery Technology ETF (BATT). The values are adjusted to include any dividend payments, if applicable.

ION vs. BATT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ION Proshares S&P Global Core Battery Metals ETF	9.49%	108.37%	-20.02%	-14.10%	-8.86%
BATT Amplify Lithium & Battery Technology ETF	7.90%	59.70%	-13.93%	-7.05%	-11.82%

Returns By Period

In the year-to-date period, ION achieves a 9.49% return, which is significantly higher than BATT's 7.90% return.

ION

• 1D: 2.98%
• 1M: -12.58%
• YTD: 9.49%
• 6M: 46.23%
• 1Y: 124.76%
• 3Y*: 16.44%
• 5Y*: —
• 10Y*: —

BATT

• 1D: 4.20%
• 1M: -8.43%
• YTD: 7.90%
• 6M: 16.74%
• 1Y: 81.61%
• 3Y*: 7.85%
• 5Y*: 1.94%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ION vs. BATT - Expense Ratio Comparison

ION has a 0.58% expense ratio, which is lower than BATT's 0.59% expense ratio.

BATT

Amplify Lithium & Battery Technology ETF

ION

Proshares S&P Global Core Battery Metals ETF

Return for Risk

ION vs. BATT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ION

ION Risk / Return Rank: 97
ION Sharpe Ratio Rank: 98
ION Sortino Ratio Rank: 97
ION Omega Ratio Rank: 95
ION Calmar Ratio Rank: 97
ION Martin Ratio Rank: 97

BATT

BATT Risk / Return Rank: 95
BATT Sharpe Ratio Rank: 96
BATT Sortino Ratio Rank: 95
BATT Omega Ratio Rank: 93
BATT Calmar Ratio Rank: 96
BATT Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ION vs. BATT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares S&P Global Core Battery Metals ETF (ION) and Amplify Lithium & Battery Technology ETF (BATT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ION	BATT	Difference
Sharpe ratio Return per unit of total volatility	3.21	2.54	+0.67
Sortino ratio Return per unit of downside risk	3.47	2.97	+0.50
Omega ratio Gain probability vs. loss probability	1.47	1.41	+0.06
Calmar ratio Return relative to maximum drawdown	5.26	4.31	+0.95
Martin ratio Return relative to average drawdown	20.19	16.05	+4.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ION vs. BATT - Sharpe Ratio Comparison

The current ION Sharpe Ratio is 3.21, which is comparable to the BATT Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of ION and BATT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ION	BATT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.21	2.54	+0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	-0.05	+0.42

Correlation

The correlation between ION and BATT is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ION vs. BATT - Dividend Comparison

ION's dividend yield for the trailing twelve months is around 1.46%, less than BATT's 1.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ION Proshares S&P Global Core Battery Metals ETF	1.46%	1.63%	1.74%	2.23%	0.13%	0.00%	0.00%	0.00%	0.00%
BATT Amplify Lithium & Battery Technology ETF	1.72%	1.85%	3.17%	3.23%	4.14%	2.32%	0.21%	3.22%	0.89%

Drawdowns

ION vs. BATT - Drawdown Comparison

The maximum ION drawdown since its inception was -52.08%, smaller than the maximum BATT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for ION and BATT.

Drawdown Indicators

	ION	BATT	Difference
Max Drawdown Largest peak-to-trough decline	-52.08%	-69.38%	+17.30%
Max Drawdown (1Y) Largest decline over 1 year	-23.30%	-18.00%	-5.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-61.98%	—
Current Drawdown Current decline from peak	-13.04%	-16.31%	+3.27%
Average Drawdown Average peak-to-trough decline	-24.61%	-35.41%	+10.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.07%	4.83%	+1.24%

Volatility

ION vs. BATT - Volatility Comparison

Proshares S&P Global Core Battery Metals ETF (ION) has a higher volatility of 15.13% compared to Amplify Lithium & Battery Technology ETF (BATT) at 14.03%. This indicates that ION's price experiences larger fluctuations and is considered to be riskier than BATT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ION	BATT	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.13%	14.03%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	30.44%	25.15%	+5.29%
Volatility (1Y) Calculated over the trailing 1-year period	39.07%	32.37%	+6.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.74%	29.25%	+1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.74%	30.55%	+0.19%